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S&P Credit Research656 word report
published Nov 04, 2009
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S&P Credit Research
| Abstract: | The pace of U.S. corporate nonfinancial downgrades has slowed over the past two months, while upgrades have ticked up. In October, Standard&Poor's Ratings Services downgraded 24 companies and upgraded 23. In September, Standard&Poor's lowered its ratings on 22 issuers and raised its ratings on 18. This is a significant improvement over September 2008-August 2009, which saw 835 downgrades to only 115 upgrades. The large drop in downgrades from the prior months supports our belief that aggregate credit quality, although weak, is stabilizing. Negative bias, the proportion of entities with either a negative outlook or ratings on CreditWatch with negative implications, also has declined steadily over the past six months. The pace of downgrades has eased, and
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| Brief Excerpt: | You are not entitled to view this Article. For technical support, please contact your help desk. Published by Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. Executive and Editorial offices:...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
